Research On The Impact Of Inclusive Finance On The Financing Constraints Of SMEs

From the year of ninteen-seventy-eight,China’s national economy has developed rapidly,the number of SMEs is large,the coverage is wide,and the many fields have something to do with all aspects of the country economy as well as subject subsistence,and have made great contributions to absorbing labor,increasing jobs,technological innovation,industrial optimization and improving social living standards,creating many jobs and tax revenues for society,which is a significant sustaint for our country economic advancemnet.Among their daily operations,SMEs,due to their generally small size,weak risk resistance and limited registered capital,they run into difficulties in the course of obtaining relevant funds to support their development,which will make against with their development.Inclusive finance can provide financial services to the vast majority of classes and groups in the economy and society on a wide and multi-level basis.Therefore,inclusive finance can make it possible for groups excluded from the existing financial system because of geographical location,degree of development,income level and other unfavorable factors to obtain enough financial services to contribute more to economic development.Inclusive finance in China’s development is in the ascendant,its potential to promote China’s economic growth is still not fully tapped,in this context,the study of inclusive finance for SMEs has profound significance and positive role in promoting.In foundation of concept definition,literature combing together with theoretical analysis,this thesis establishes an inclusive financial indicator according to three aspects:geographic dimension perviousness,population dimension perviousness and accessibility of financial services,to measure the level of inclusive financial advancement among different districts belong to China’s eastern,middle together western districts on basis of thirty one primary district.On this basis,obtain statistics depending on SMES among two thousand and twelve to two thousand and twenty year in the role of a study specimen.Empirical research is carried out to explore whether advancement after inclusive finance has much significant ability to reduce advancement limitations,together with its mechanism.In the meantime,a heterogeneity analysis is carried out to provide an empirical basis for promoting the rise and improvement of inclusive finance in China.Judging from the research results,the promotion of inclusive finance through various measures can more obviously alleviate the financing constraints faced by SMEs in the business process and financing,and then be able to accelerate its existence along with consecutiveness of SMEs in competition.At the end of this thesis,it makes recommendations from two levels among government as well as SMES.At the government level,based on big data,improve the availability of information and reduce financial repression and exclusion;In terms of institutions,relevant departments in China need to strengthen support to promote wider coverage of financial service institutions,improve product quality,and deepen services to relevant entities;Encourage more financial institutions to participate and form a good situation of expansion and extension of service groups.Enterprises themselves should also improve their modern management level,do a good job in information disclosure,improve the level of standardized operation and management,actively try diversified financing methods to complement each other,and provide financial relief for daily operations.